Taxpayer's Exempt Income Claim Validated u/s 10(38) for LTCG from Penny Stocks; No Extra Brokerage Needed.
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....Bogus LTCG - penny stock purchases - genuineness of claim of exempt income u/s 10(38) of the Act from Long Term Capital Gain - Since we have held the transaction of Long Term Capital Gain as genuine no addition for estimated brokerage expense is thus called for - AT....
TaxTMI